Alberta Investment Management Corp Raises Holdings in ManpowerGroup Inc. $MAN

Alberta Investment Management Corp increased its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 772.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,059,100 shares of the business services provider’s stock after acquiring an additional 937,771 shares during the quarter. ManpowerGroup makes up 0.4% of Alberta Investment Management Corp’s investment portfolio, making the stock its 26th largest position. Alberta Investment Management Corp’s holdings in ManpowerGroup were worth $40,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baird Financial Group Inc. purchased a new stake in shares of ManpowerGroup during the first quarter valued at approximately $219,000. Goldman Sachs Group Inc. raised its holdings in ManpowerGroup by 12.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock valued at $20,109,000 after buying an additional 38,710 shares during the last quarter. Empowered Funds LLC raised its holdings in ManpowerGroup by 3.2% during the 1st quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock valued at $778,000 after buying an additional 414 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in ManpowerGroup by 9.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock valued at $9,325,000 after buying an additional 13,906 shares during the period. Finally, Focus Partners Wealth purchased a new stake in ManpowerGroup during the 1st quarter valued at $348,000. Institutional investors own 98.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group set a $35.00 price objective on shares of ManpowerGroup in a research report on Friday, January 30th. BMO Capital Markets upgraded ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a report on Thursday, December 18th. Argus upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Tuesday, February 3rd. The Goldman Sachs Group lifted their price objective on ManpowerGroup from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, February 3rd. Finally, Robert W. Baird set a $50.00 target price on ManpowerGroup in a report on Friday, January 30th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $41.13.

ManpowerGroup Trading Up 4.0%

Shares of NYSE MAN opened at $29.49 on Thursday. The firm has a 50-day moving average of $30.88 and a 200 day moving average of $33.82. ManpowerGroup Inc. has a 1 year low of $26.14 and a 1 year high of $63.35. The stock has a market cap of $1.37 billion, a P/E ratio of -98.30 and a beta of 0.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.00.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period in the previous year, the firm posted $1.02 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, sell-side analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Company Profile

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.